How Apple's Shift Away from Devices Could Disappoint Shareholders
Apple (NASDAQ: AAPL) is no stranger to taking chances en route to capturing -- or even creating -- a market. It's exactly what the company did with its desktop competitor to the PC, with the creation of the iPod to dominate the MP3 player market, and with the iPhone, which revolutionized smartphones.
Now, though, with iPhone sales declining, Apple is making another bold shift in strategy away from devices and into services. It's a move that may take years to truly pan out and could scare some investors away from a tech stock that is typically considered a strong buy.
Image source: Apple.
Source Fool.com
